Will EIGEN price soar to $5 as ‘7 Siblings’ buys the dip?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 15 2024EigenLayer Token Performance: The EigenLayer (EIGEN) token has experienced a significant decline, dropping to $2.3, which is 33% lower than its peak this week and 52% below its all-time high, despite notable purchases by the "7 Siblings" investment group.
Market Dynamics and Future Outlook: The token's downturn follows the announcement of a decentralized infrastructure network launch by Infura on EigenLayer, with potential bullish signals indicated by a double-bottom pattern; however, risks remain if it falls below key support levels.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
